MTN SUES 18 COMERCIAL BANKS

						
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						MTN Drags 18 Banks To Court Over Alleged N22.3 Billion ‘Transfer’					
				
Broad Admin
June 27, 2022

The MTN fintech subsidiary MoMo payment Service Bank Limited (Momo PSB) has filed a lawsuit against 18 commercial banks to recover N22.3 billion that was mistakenly transferred to 8,000 customers. The company claimed a computer glitch was to blame for the incorrect transfer. Momo PSB reportedly suffered a significant security breach just one week after […]

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